Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    253 Sutton Rd Streamwood, IL 60107

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.5-acre land site near major retail area in Streamwood, IL.

    Type:Land
    Lot size:
    2.50 Acres
    Added:
    Mar 14, 2023
    Days on Market:
    1135
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 253 Sutton Rd

    General Information

    Standard status
    Active
    Lot size
    2.50 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Albert Lindeman
    Albert Lindeman

    Listing agent Albert Lindeman License #IL 471015537

    Listing office SVN | Chicago Commercial

    Listing date Mar 14, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of SVN | Chicago Commercial

    Overview

    2.5-Acre Land Site Available

    This 2.5-acre land site provides right-in-right-out access. It is located near the communities of South Barrington, Schaumburg, Streamwood, Bartlett, and Hoffman Estates, at the intersection of Route 59 (Sutton Road) and Schaumburg Roads. The property is situated 2 minutes north of the major retail area in Streamwood, directly across the street from and surrounded by residential areas. The property is located adjacent to Streamwood, a village in Cook County, Illinois, with a population of 39,858 at the 2010 census. Streamwood is a northwest suburb of Chicago and part of the Chicago metropolitan area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Streamwood
    County
    Cook
    State
    Illinois
    Longitude
    -88.19918
    Latitude
    42.034885

    Nearby Similar for Sale

    • $129,000

      Streamwood C-Store For Sale

      C-Store for sale with additional income sources in Streamwood.
      908 E Irving Park Road, Streamwood, IL 60107
      View Details
    • $119,896

      Buildable Lot in Streamwood Cul-de-Sac

      Vacant lot in Streamwood, build your custom home!
      2 Osprey Court, Streamwood, IL 60107
      View Details
    • $850,000
      32,670 SF

      Prime Development Site in Streamwood

      Shovel-ready site with high visibility and income potential.
      701 E Lake St, Streamwood, IL 60107
      View Details
    • $800,000
      1 SF

      Commercial Land on Irving Park Road

      Commercial land for sale with frontage on Irving Park Road.
      14 Irving Park Road, Streamwood, IL, 60107
      View Details
    • $209,900

      Commercial Land Ready for Development

      Vacant land parcel for commercial development with C-2 zoning.
      305 S Bartlett Road, Streamwood, IL 60107
      View Details
    • $2,200,000
      2 SF

      Development-Ready Land Site on Route 59

      High-visibility 2.5-acre land site near major retail area.
      253 Sutton Road (RT 59), Streamwood, IL 60107
      View Details
    • Contact for pricing
      4,829 SF

      Streamwood Retail Building For Sale

      Retail building on 0.8 acres with high traffic count.
      151 East Irving Park Road, Streamwood, IL, 60107
      View Details
    • $850,000

      Streamwood Land For Sale

      32,670 SF site zoned for general industrial use.
      701 Phoenix Lk Ave, Streamwood, IL
      View Details
    • $530,000
      5 SF

      Streamwood Warehouse with Freezer

      5,577 SF industrial condo with freezer for sale.
      107 Sangra Court Streamwood, IL 60107, IL 60107
      View Details
    • Contact for pricing
      2,640 SF

      Retail Space on Busy Corner

      Retail property at a highly visible, busy intersection.
      1 S Sutton Rd, Streamwood, IL
      View Details
    • $2,284,000
      10,500 SF

      Streamwood Industrial Property For Sale

      10,500 SqFt industrial property with 6.79% CAP rate.
      1339 Yorkshire Dr, Streamwood, IL 60107
      View Details
    • Contact for pricing
      424,359 SF

      Streamwood Industrial Building For Sale

      424,359 SF industrial building with immediate occupancy.
      10 Falcon Court, Streamwood, IL 60107
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.5-acre land site near major retail area in Streamwood, IL.
    Where is this commercial land located?
    The property is located at 253 Sutton Rd Streamwood, IL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Right‑in‑right‑out access.; Located at the intersection of Route 59 (Sutton Road) and Schaumburg Roads.; **2.5‑acre land site.**
    (847) 421-1066 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Albert Lindeman
    Albert Lindeman
    Real Estate License ID: IL 471015537
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!